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Sabtu, 05 Februari 2011

Coal Mining License (IUP) Already Signed, Minister Says - The Indonesia Today

Minister of Energy & Mineral Resource, Darwin Zahedy Saleh said his ministry has approved and recently signed the coal mining license (IUP) for coal sales and delivery both for domestic or export markets.
“I have signed it,” Darwin told to Detikfinance. “But yes, to sign it needs to be prudent plus other considerations,” he added.

Coal miner Association (APBI) had earlier alleged Energy Minister to have been "punishing" domestic coal trader as the minister pended to sign coal mining license.  (IUP) for coal sales and delivery both for domestic or export markets.

Former APBI chairman Bob Kamandanu Bob said further delay on IUP signing will make the country to suffer loss from royalties on trading. The royalty can reach 5% of export value, excluding 10% added value tax.

Replying to APBI's claim, Darwin said his ministry had very carefully given permission for mining sectors, especially in coal mining activities, as current regulation on the sector is very loose.

“Minerals & Coal is subsector in the ministry with its regulation relatively loose compared to the regulations of Electricity and Oil & Gas. That's why we need more considerations, does not meant we missed the bus. Alhamdulillah, I have signed it recently,” Darwin said.

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